Three heavy industrial sites in Tuas up for grabs

SINGAPORE - Small sites in Tuas suited for heavy industrial use have been put on the market in state tenders.

JTC Corporation has launched a 0.8ha site at Tuas South Street 9 for sale, it said on Tuesday.

The land parcel has a tenure of 20 years and nine months. It is zoned for "Business 2" (B2) development, which indicates that it is suitable for heavy industries.

Its tender closes on Oct 21.

Another industrial B2 site at Tuas South Street 11 has been triggered for sale off the industrial government land sales programme's reserve list.

JTC said that one developer has committed to bid at least $6 million for the 0.9ha plot, which has a leasehold of 20 years and 10 months. This amount works out to $62 per sq ft (psf) per plot ratio (ppr).

A site on the reserve list goes on sale only if a developer lodges a minimum acceptable bid.

The parcel will be launched for sale by public tender in the middle of September this year, JTC said.

It added that it has put a nearby 0.8ha industrial B2 site at Tuas South Street 11 on the reserve list for the second half this year. That site has a lease term of 20 years and four months.

The Straits Times

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